Perennial Investment Advisors LLC Buys 3,240 Shares of JPMorgan Ultra-Short Municipal ETF (BATS:JMST)

Perennial Investment Advisors LLC raised its position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 14.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,064 shares of the company’s stock after buying an additional 3,240 shares during the quarter. Perennial Investment Advisors LLC owned 0.05% of JPMorgan Ultra-Short Municipal ETF worth $1,323,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Brio Consultants LLC bought a new position in shares of JPMorgan Ultra-Short Municipal ETF in the 4th quarter worth about $264,000. Envestnet Portfolio Solutions Inc. bought a new stake in JPMorgan Ultra-Short Municipal ETF during the fourth quarter valued at approximately $223,000. UBS Group AG boosted its holdings in JPMorgan Ultra-Short Municipal ETF by 14.0% during the 4th quarter. UBS Group AG now owns 778,850 shares of the company’s stock valued at $39,519,000 after acquiring an additional 95,378 shares during the period. Wells Fargo & Company MN lifted its holdings in JPMorgan Ultra-Short Municipal ETF by 21.5% in the 4th quarter. Wells Fargo & Company MN now owns 963,543 shares of the company’s stock worth $48,890,000 after buying an additional 170,642 shares during the period. Finally, Corient Private Wealth LLC boosted its position in shares of JPMorgan Ultra-Short Municipal ETF by 3.8% during the fourth quarter. Corient Private Wealth LLC now owns 494,775 shares of the company’s stock valued at $25,105,000 after purchasing an additional 18,051 shares in the last quarter.

JPMorgan Ultra-Short Municipal ETF Price Performance

Shares of BATS:JMST opened at $50.86 on Tuesday. The stock has a fifty day simple moving average of $50.84 and a 200-day simple moving average of $50.73.

JPMorgan Ultra-Short Municipal ETF Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, September 5th. Investors of record on Tuesday, September 3rd were given a $0.1451 dividend. The ex-dividend date was Tuesday, September 3rd. This is an increase from JPMorgan Ultra-Short Municipal ETF’s previous dividend of $0.14.

JPMorgan Ultra-Short Municipal ETF Profile

The JPMorgan Ultra-Short Municipal Income ETF (JMST) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed portfolio of US municipal bonds with a weighted average maturity of two years or less. JMST was launched on Oct 16, 2018 and is managed by JPMorgan Chase.